The Term Elastic,which Was First Used This Way by Amazon,means

question 20

True/False

The term elastic,which was first used this way by Amazon,means that the amount of resources leased can be increased or decreased dynamically and programmatically,in a short span of time.

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Definitions:

Accrued Expense

Expenses that have been incurred but not yet paid for or recorded through a formal invoicing system, recognized in the period they are incurred rather than when paid.

Prepaid Expense

Expenses paid in advance by a company for services or goods to be received in the future, considered an asset on the balance sheet until used or consumed.

Ending Inventory

The last recorded value of inventory held by a business at the end of its financial reporting period.